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The Scariest Fiscal Cliff Chart — And Why Investors May Be Walking Into A Disaster
US News
Joe Weisenthal / Business Insider
Of all the charts we’ve seen surrounding the so-called Fiscal Cliff, this might be the scariest one we’ve seen. It’s from a Citi survey of clients taken a couple weeks ago.
Citi
It’s not even close. The belief that all of the spending cuts and tax hikes will get pushed off is overwhelmingly what investors expect to happen.
The best reason to be optimistic is that recent history shows us that in the end, Congress staves off disaster. Certainly the debt ceiling negotiations last summer, even though they went to the brink, showed that the two parties can come together and avoid a catastrophe.
continue at Business Insider:
http://www.businessinsider.com/investor-complacency-around-the-fiscal-cliff-2012-8
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Communists don’t listen.